before. the problem is, no one knows where it is. >> and liftoff of "endeavour." >> reporter: regular shuttle missions and the crisp-color images they transmit have space fans a little spoiled. you forget just how complicated it was to transmit pictures from space to earth in 1969. here is how it worked -- a small camera built into "apollo 11" scanned the lunar landing in a unique format unsuitable for regular tv. those images were transmitted to tracking stations in southeast australia and california's mojave desert, where they were converted to a standard format and sent on to houston, losing picture quality every step of the way. but veterans of the apollo mission recently reminded nasa that technicians at both ground stations recorded the transmissions onto special tapes, which if converted now with modern technology, would produce the highest quality

images of man on the moon ever seen. a search has been launched but three years into it, after scouring multiple nasa facilities, there's no sign of those tapes. and now many fear the spectacular images on them, images far superior to anything we have ever seen, may be lost forever. tomorrow foreman, cnn, washington. today's top stories in one hour. i'm fredricka whitfieerica whit. "your $$$$" begins right now. after decade of talk, washington, is washington finally ready for serious health care reform? and who's going to pay for this massive overhaul? i'm christine romans, welcome to "your $$$$." >> i'm ali velshi. the recession has seen unemployment soar to over 16% for black males. surprised? well, you shouldn't be. we're going to take a hard look at the real reasons for racial disparity when it comes to wealth and work. >> we reveal the best places to live for singles. >> not useful information for us but might be for you.

and sex, money, betrayal. we've got a behind-the-scenes look at the founding of the facebook empire. first, the single biggest overhaul of social policy in some, what, 60 years is health care reform. what the president and congress decide will affect virtually every american. and it's complicated and it's contentious. >> but we're not scared. we're going to give it to you trait. how will your doctor visit change? how much will you pay for it? will this new system, whatever it is, work? our good friend, senior writer at cnnmoney.com. and i'm surprised she still has hair after pulling it all out last time. i'm surprised she still has hair after pulling it out the last year but she's the one we go to with complicated issues like this. you have it in simple terms for our viewers. >> from what we know. we don't know nearly enough about howe this is going to go in washington. we have got two bills that have come through, waiting on a third that will be critical in the pay-for issue. what it means to you factor we know so far. if you have insurance and the democrats have their way and they create an insurance exchange, they create a public

plan and they help subsidize americans who can't afford insurance, for people who have insurance through their job, it's unlikely much will change for you. the congressional budget office director said he doesn't think premiums will go down a lot for those folks at least initially and there will be barriers to get into the public plan. it's not like you can hop out of your plan. >> you could be required to pay a tax and there's a possible is your tax for people who make a lot of money? >> those are the ideas floating around. the big idea until it was shot down in the last week was let's tax the benefits your employer gives you. they help pay for your insurance. they give you insurance, that's tax free income. we give about $260 in billion, gish or take $10 billion a year. if you tax a portion, that could help pay for health care. policy experts say it's a good idea because we would be more conscious of our health care cost and use it more judiciously. >> there will be some changes but maybe not many if you're insured. under the democrats' plan, what

happens if you're not insured? >> you stand to gain a lot here. potentially you could use the insurance exchange. there will be a lot of competition among plans if it works well and there's going to be the public plan in the exchange, which is going to hold costs down and hotel private insurers' feet to the fire on their costs. in fact, the makeup artist i was talking to before, she said she was told she had to pay $700 a month for her own insurance to pay on her own. hopefully, that price would come down for her. she would have more options, and they couldn't deny anybody coverage if they had a preexisting condition. that's part of the reform plans, too. >> jean sahadi, we'll talk about this more. it's going to change. it's in flux. a lot of proposals out there but they're trying something that really is a big, big job. you're going to keep track of it. thanks, jean. >> we'll stay on top of that. the republicans released a very interesting flow chart this week. this one got our attention, which they say illustrates the bureaucratic mess that could come from the democrats' health care proposal. >> let's just leave that up

there for a minute. that is what the republicans say is the flow chart of what the prescription is from the democrats for health care. for all of you students of health care, i don't even know where we are on that darn thing. we're over there where the consumers on the far left -- on the far right of the doctors, bottom right. somewhere in the middle is the health insurance exchange. someone who is going to help us from his point of view at least to make sense of this is congressman kevin brady of texas, lead house republican on the committee. he's going to tell us about this charter, this labyrinth, this mess here. i have to say something. a lot of government agencies and government programs, i think they have flow charts that look like this. i'm not sure how unusual it is. >> is this specific to our health care system or something else? representative, good to have you. >> hey, thanks for having me. >> is this specific to health care? >> yes. >> or is this what government looks like? >> no, it's specific to the democrat bill. we tasked our economist health

care advisers at the joint economic committee to go through the committee bill released in the house provision by provision and show us how it works. what they showed us was there are 31 new federal commissions, agencies and mandates in this new government plan, this new health care reform. most of them get in between you and your doctor. and our point was really for people to be able to see just how much bureaucracy we're adding to the current bureaucracy. that's a critical point. this isn't subtraction. this is addition. we've already got far too much overhead, red tape in the health care system today. this adds cost. >> now, the president says he'd like to have health care reform before the recess. there are a lot of people who say something's got to be done. these health care costs are runaway. the system as it is cannot be allowed to go on like this. listen to what the president said about people who, like you, are opposed to this effort. >> don't be fooled by folks trying to scare you saying we can't change the health care system. we have no choice but to change the health care system, because right now it's broken for too

many americans. >> congressman, do you agree it's broken but you'd like to fix it a different way? >> it is broken. there is a crisis. i always do sort of puzzle at the president. he's got this invisible frenemy who is always standing against what he believes. we agree on health care. we have different ways of solving it. i just don't see what kind of person would put this much bureaucracy between them and their doctor. the congressional budget office yesterday said this won't lower, will not lower health care costs. in fact -- >> it's fair to probably point out to our viewers as we go along in the next few months there are two distinct issues here. one is how you insure uninsured americans and how that system works out, whether it's fair or bureaucratic and the other is the cost of health care. take a look at the numbers from the department of health and human services. health care costs in the united states have been rising at four times the rate of wages. they've doubled in the past ten years.

and they're expected to double again in the next ten years. that, for the purpose our viewers understanding this, is a different issue. am i right? health insurance and coverage versus the cost of health care. they may or may not be solved with the same solution. >> yeah, i don't think the cost of the care is going to be addressed in this. but the uninsured -- one of the problems we have today is we have two massive government plans -- medicaid and medicare -- which unfortunately are run in such a way that they shift costs over to most americans who have private plans. in fact, you and i pay about $1500 more a year because of the government-run plans. the theory that if we add a third government-run health care plan will lower our costs just doesn't hold water. and, again, congressional budget office director yesterday agreed. this will not lower health care costs. >> all right. congressman kevin brady from texas. thank you, sir. thank you for letting us use your chart. we love -- we love nice graphics like that. that's something. there is a way to pay for

this. it means taxing the rich. >> yep, tax 'em. >> might be a good idea, might not be. taxing the rich to fix the broken health care system might sound good unless you're the rich, which means this could be about class warfare. we're going to tell you about that.

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and this, is the new iphone sharing video. video. on the iphone 3gs... the most powerful iphone yet. sick joke, burglaries the dire headline in "the new york post" this week. that's where we get all of our headlines from "the new york post." successful new yorkers would pay 57%, mega-tax under obamacare. >> those in the top tax brackets have a right to be spooked. perhaps not as much as "the new york post" would have you get. but the income surtax to pay for the health care bill would start at 1% for couples making $350,000 and jump to 1.5% above

$500,000 of income before leaping to 5.4% for people making more than a million dollars. >> dan mitchell, a senior fellow with the cato institute. chet collins is co-founder for wealth for the common good. also, a rich guy who wants to be taxed saying tax the wealthy so everyone else is healthy. funny, because the rich are the new tobacco. in the '80s when times were tough, you tax tobacco, nobody would complain about it. >> nobody to stand up on the other side except for two lobbyist. >> now tax the rich. chuck, you say bring it on, i want to pay. >> yep. i think this is an important issue for a lot of our wealth for the common good members. they feel it's a small price to pay for a much broader health insurance that will cover those health insurance for the 1500 50 million people that don't have health insurance. >> a lot of your common good members would be subject to the

tax? >> yes. we have an online petition. we're asking people who will pay the tax, who want to reverse the bush tax cuts of the last ten years and make those investments in health care and energy independence. these are folks who are part of, i think, a silent majority -- >> let me ask you again. hang on a second. there's no majority of people who would be subject to the tax. it's a small portion of people. are there members of yours who would be subject to these types of proposals about taxing people who earn over $250,000 each or $350,000 as a couple who would say i would be willing to do that? >> yeah. we have hundreds of people who have signed on to this public petition and more signing on and we're gathering that right now. what i was saying is the silent majority of people who will pay this tax actually don't resent it. i mean, this will sound strange. but this is a group -- those of us in the top 1% have got a $700 billion tax cut, thanks to george bush. many us didn't ask for it. many of us were embarrassed to be getting tax cuts while other members of our country were going to war and making enormous

sacrifices. this is a time of national sacrifice. we urgently need to address the health care situation. >> dan mitchell from cato institute, you disagree. there are some on the right and libertarians saying this smacks of redistribution of wealth, socialism, taking from one part of the society to pay -- although you could argue the entire tax code does. but what do you think about this, about taxing the rich for health care? >> well, it's almost beyond parody to listen to someone who inherited a lot of money to say let's tax the rich. this is pulling up the ladder so that other people can't become rich. as far as i'm concerned, what we need to focus on is what are the policies that are going to make america more prosperous. and going down this path to a 1970 style tax and spend big government is a recipe to make our economy more like france. if taxing the so-called rich was such successful policy why is america so much richer than

france? we don't want to punish success in this country. i want more rich people. i don't want fewer rich people. and i certainly don't want people who inherited wealth trying to stop middle class people from climbing the economic ladder. >> chuck, you inherited -- how did you inherit your money? he's talking about your inherited health. tell us quickly. how you inherited your money. >> i'm the great grandson of oscar mayer. but i should say a lot of our wealth for the common good members are entrepreneurs. there are people like reed hastings, the ceo of netflix, warren buffett, others, who are entrepreneurs. they don't resent capitalism. they love this country, they love the amazing system for wealth creation. we also want to encourage wealth in creation. what we believe is a healthy capitalism has a healthy safety net. and if we make -- we have long overdue investments not just in health care but education, energy independence. if we want to be a competitive country, if we want to have the next generation of millionaires

and billionaires come up the ladder and come from all the walks of society, we need to make these long overdue investments. where is the money going to come from? >> this is a slippery slope, dan. right now we're talking 1% and 5.4% for those earning over a million dollars. i suppose once you go down this road, you can start taxing people for all sorts of things. you made a comment it's going to prevent more people from being rich. i think there's nothing wrong with rich people. why would this prevent more people from becoming rich? >> because marginal tax rates are a price of earning income and becoming more productive and more successful. and if you're already rich, if you're warren buffett, by all means, raise tax rates. you already have all your money an all your lawyers and lobbyists and accountants. you can figure out -- >> the bottom line for this one, $280,000 or more by american standards i'm rich. >> by american standards probably the top 5%.

but the key thing is, we want more people to become rich. look at france. france has the kind of policy -- >> you said france a few times. sanja gupta will often tell us if you have a heart attack, you want to be in the united states because it's got the best treatment. if you don't want to have a heart attack, the french health system keeps you healthier. we're talking about health care. there are a lot of people who would say there's some things about it they'd rather be in france for. i'm not sure france is the example you want to be using here. >> yes, it is an example. it's an example of big government leading to economic stagnation. the per capita gdp, the living standards in france are 30% to 40% below america. now, if i inherited the oscar mayer fortune, i wouldn't care maybe if 30% or 40% of the ordinary people's income disappeared. but i think it's an outrage a bunch of limousine liberals put in place policies that don't affect them because they have all the accountants and lawyers but affect the middle class people who want to climb the economic ladder. the real outrage is we're going to put in place these taxes in order to have a bunch of

politicians start denying us the ability to get our family health care. >> we have to leave it there before we sing the oscar mayer jingle. >> or i cancel my trip to france which i'm on the way to. >> i have a feeling because it's my theory that indeed the rich is the new tobacco we're going to discuss this more. >> let's have you both back on. i appreciate the passion you both bring to this. we'll need it over the next few months. chuck collins, co-founder of wealth for the common good senior scholar at the institute of policy studies. both bringing strong opposing views to this issue but it's important that you know what they are. ♪ my baloney has a looking for a plus one, we know where all of the high-earning singles are hiding. if you're looking for one we'll tell you where to find one next.

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♪ ♪ i'm a single lady >> all right. relax, guys, there are no single ladies in this room despite the song. both of my colleagues here were once single. >> once single. and one of us, senior writer for "money" magazine here with a list of the top cities to find rich singles. >> part of the whole top ten list you guys do at "money." this is the one everybody

gravitates to. tell me about this. >> this is one our most popular list. we look at the best places to live. if you look for the best place to find somebody rich and single this is how you do it. we took the maces that had places that had people median family income of at 100,000 or greater and percentage population that was a percentage of population that was a high percentage of singles, then ranked them by that percentage of population and took the median age -- nobody could be less than 30 by median age so got rid of the college. the college towns and stuff. >> no one wants a 19-year-old if you're a successful 35 -- >> this is a place for rich singles. let's look at the number one place in the united states for rich singles. r >> i would live here. hermosa beach, california. >> that's right. hermosa beach, california. this is a classic california beach town. it has a terrific biking path. the strand. you can take a volleyball class. one of the people we interviewed there says it's a great place to meet people in the hermosa

beach. >> stay out of the bars. >> average home there $1.5 million. >> you had to interview people for that. for the second one you didn't have to. arlington, virginia. >> that is where i met my husband so i can attest this research is excellent. there is a wealth of young single people in arlington, virginia. probably a surprise. if you look at the unemployment, very low in the whole d.c. metropolitan area. folks of course in congress, capitol hill. you've got media, technology, military. there's a lot of -- it attracts a lot of professional folks there. >> it hasn't seen a big drop in house prices either. >> that's right. but 40% of that population there is single. >> now we're going back to kali. >> this is coronado, a san diego beach town. you can see the skyline of san diego from coronado. it's a beautiful place. you can see people surfing. you can go sailing. and if you want fun in the night life, take the ferry across to

san diego to the gas light district. >> the next one is one you can see from here, which is interesting for people who like new york. edgewater, new jersey. literally on the other side the of the hudson river, it's right on the other side. >> another fabulous view of the new york city skyline. it is the edge of the hudson river. million dollar townhouses there, a lot of young professionals. folks meet at the trader joe's, to the whole foods organic section and meet folks. it's a fun place. of course, just a five minute ferry ride from all that new york has to offer. >> that's where ali meets girls in new york. >> i don't know why i missed that trick. all right. number five on your list -- go to the website cnnmoney.com and see all these lists and give yourself time. it's like being on facebook. it's a time suck. you read through it. . >> look at your town and see how your town ranks. >> in santa clara, quickly, another one in california. >> in silicon valley. a lot of professionals there in the tech industry. intel's headquartered there, sun micro systems.

it's a really great town. and the percentage of singles there is almost 40% as well. so that's if you want to meet your smart, rich, single intellectual there that's where you will go. santa clara. >> until now that area hasn't seen many layoffs. we have now but property values held up well because those companies have been steady for some time. >> i want to make clear, we're not advocating taking money over love. we're advocating taking money and love. >> if you happen to have a job offer in arlington or coronado. thank you for that. now, look, some small businesses, many small businesses have already been very hard hit by this recession because people aren't shopping or they can't get money. but there's another big blow that's coming. when we come back, i'll tell you what this little shirt has to do with it all. so what do you think?

i think i'll go with the basic package. good choice. only meineke lets you choose the brake service that's right for you. and save 50% on pads and shoes. meineke. you probably heard a lot about this, struggling small business lender cit in big trouble, not getting more money from the federal government. already drawn $2.9 billion from the bank bailout but what's souring loans and its ability to ray money, there's a real possibility the company may cease to exist.

with around $65 billion in managed loans, cit is just a fraction of the size of some of the financial titans that toppled last year like lehman brothers or bear stearns or washington mute owl or aig. so by comparison the fallout from the failure of cit appears to be minor, but that may not be the case. here is why cit matters. i'm going to show you on this screen. here's what happens in at perfect world. retailers sell things and get them from suppliers. some of these suppliers are relatively small businesses. let's say this is a shirt manufacturer, shirt supplier. they send a shirt over to the retailer and the retailer immediately pays them, allowing them enough money to manufacture shirt number two, for which the retailer pays the supplier and that allows them the money to buy the materials and have the employees to manufacture shirt number three. in a perfect world, that would be how it works but the world doesn't work that way.

let me show you where cit comes in. first thing i'll do is return all this money to where it belongs. here's what really happens. cit is in the middle. the supplier sends the shirt to the retailer. that shirt sits on the shelf until it gets sold and that retailer may take more than a month to pay the supplier. how does the supplier keep on making shirts? well, cit loans the supplier money and that allows the supplier to make shirt number two and send it to the retailer. that shirt could sit on the shelf, the company may not pay. cit again for a fee -- kind of like a cash advance, pays the supplier and the supplier ships shirt number thee and so on and so forth. whoa! let's get that under control. so what happens is the business cycle continues. now, with cit about to -- or at least having major, major problems, it's off the scene and this relationship becomes very tricky. some of these suppliers simply won't have the money to be able

to deal with the money that they need to continue to supply companies. so cit calls itself the bridge between wall street and main street. the obama administration has decided not to step in and to keep the lanes on that bridge open. >> it's already drawing charges from small business advocates the white house is favoring the big behemoth banks over the little guy. after all, cis is the largest lender to minority and women-owned businesses in the country. talk more about it in our news ticker, editor and chief of black enterprise and roland martin. you have to stop the bailout somewhere. but the small business folks are say it's unfortunate they stopped stepping in to help business at the exact company that happens to be the bridge between main street and wall street. >> also keep in mind, which i think that jumps out here -- that is they put forth these stress tests for this precise reason. >> they stress-tested this company just this week we're told and they didn't do so hot. >> the whole point was if you don't have the ability to stay in business, i'm sorry, we're not going to sit here and throw the hand out to you. yeah, it is unfortunate. now i think what the issue has

to be for the obama administration is if this company fails, well, then, who do they go to ensure -- >> is there some process by which small businesses can get the financing. >> using federal leverage to go today other companies and say, we need you to step in and fill the gap. >> what do you think? >> i think it's true, somebody has to fill the gap. it doesn't necessarily have to be cit. they didn't pass the stress test. the whole logic behind the bailout is you're going to bail out companies if they failed would cause a ripple effect on the larger economy. i don't know if citigroup can make that case. >> but as you know from a lot of your readers at black enterprise, the small business that goes out of business because they can't supply a retailer doesn't care about the domino effect. that's their livelihood. >> that's indispensable. to provide a lending model to provide cash flow for small businesses to continue to manufacture and provide services, that's indispensable. the question is cit the only solution?

>> i guess that's a question that sort of came up with aig. we used to say can't somebody else offer that insurance or with citigroup or anybody else. you notice nobody in washington is yelling too big to fail at this point. >> and i think the obama administration, they have to be extremely sensitive because the last thing you want, two groups who are significant supporters of president obama in terms of winning -- women and minorities -- you don't want to see those businesses go down and can't talk about economic empowerment, providing jobs and all of a sudden these businesses can't get loan, go under, nen you make the issue even worse. earlier we saw black unemployment, hispanic unemployment is crazy sky high especially in new york, illinois as well as alabama. >> let's talk about goldman sachs, the big banks. now we're talking about cit, looking like it's in trouble, a lender to small business. the big huge banks had good -- they're making money. they are making money. and everyone wants to hate on the banks. >> here's the reminder to everybody.

we are a capitalistic system. it's all about making money. the whole point is you want them to make money because we're largely a nation built upon consumer confidence. >> the whole reason behind the bailout was to help people make money again. >> they say they're stealing our money, took our taxpayer money. >> this is the deal. if goldman sachs and other profits that we're seeing in this quarter turn out to be kind of the harbinger of good things to come for everybody, it's all good. >> there you go. >> but if it seems like they got over and the rest of us are hanging out there twisting in the winds there will be problems. >> we're going to see job losses continue. we're going to see home prices maybe stabilize but it will be a while. even in the long run we won't get back to 5% unemployment by the best estimates -- and that's national -- until 2013, maybe later. you just mentioned

african-american unemployment, 16% across the nation. >> you have to have consumer -- you have to have confidence, first of all on wall street before you have consumer confidence across the country. because we all watch the stock price. we all see the reports. all of a sudden, if they're hearing down 100, down 200 every single day, folks say, man, i'm pulling back. so the whole confidence issue, it all builds up. so we all know also that the job piece always lags, always comes later. it's a reality. i think folks need to stop hating on the bank to understand we need companies making money. >> we want them losing money? we gave you all this money and you're still losing? not what we want to hear. >> thank you so much. always a pleasure to see the both of you. >> you're so snappy with your dress. that's why i had to do the ascot. i knew you were going to wear something and trying to have confidence wearing an ascot, better than a t-shirt. >> i'm plain jane over here. >> you look beautiful.

a rose amongst big thorns. >> clothes make the men but women make the clothes. >> alfred, go ahead. >> we have to twitter that one. that's pretty good. the president's frank words about race and money, racism, achievement, bias, education, the stark reality and some solutions. mr. evans? this is janice from onstar. i have received an automatic signal you've been in a front-end crash. do you need help? yeah. i'll contact emergency services and stay with you. you okay? yeah. onstar. standard for one year on 14 chevy models.

president obama speaking bluntly this week about race, about money and why it happens as he helps commemorate the 100th anniversary of the naacp. we want to show you the startling wealth gap he's talking about between races in this country. for every dollar of net worth, white americans, for every one dollar, latinos have nine cents. african-americans have seven cents. think of the disparity between whites, blacks and latinos in terms of net worth. that's the value of their money. their homes, their assets. >> different from their earnings power. that's something i think some people have familiarity with, that women earn less than men for the same job, latino and african-americans earn less than whites for the same job. but this is different. this is the accumulation of the wealth the end story. it's an issue we want to get to the bottom of to figure out why

it exists and what needs to be done, what can be done and how it will be done. bill rogers, a professor and chief economist at rutgers university and the former chief economist at the u.s. department of labor. ryan mack is the president of optimum capital management. both of you, thank you so much for being here. bill, first of all, has this got anything to do with this recession or has this been the pattern that we've seen over time? >> well, yes and no. yes because we've seen between 73 to 92 billion dollars erosion in african-american household wealth and it's been largely attributed to the foreclosure crisis. but, also, wealth -- the wealth's biggest component is home ownership. home ownership, the difference between the races have been major, very large for hundreds of years, centuries. and so there's this cumulative causal piece that just continues to get passed on from generation to generation. >> but if african-americans and latinos have a smaller

proportion of wealth, then aren't they less hard hit by this recession? >> no. because wealth constitutes your assets, as christine said, and those assets during a time of the worst economy since world war ii allows you -- provide you savings. it provides you the nest egg. it provides you that hedge against the uncertainty of not having a job, of not having resources. >> for a huge part of the american population, it's been a recession even when it wasn't a recession. that means they're just that much closer to feeling it when the hard times hit. when you look at the subprime crisis, the author of a 2008 study said the subprime lending debacle caused the greatest loss of wealth to people of color in modern u.s. history. think of that, the greatest loss of income and wealth to people of color at any time in the american history. it's incredible. >> it all depends how you look at people are suffering from this recession.

and where some individuals who might have higher net worth might be suffering by, i might have to skip a bill, i might not be able to go out as much. i might have to take less vacations where a lot of minority communities and black communities we're talking about am i going to have my home, am i going to have to move into subsidized housing for the first time, into these four walls of -- concrete walls all around me, crime-infested areas. these type of ways especially a lot of minority communities are facing in terms of how they're hit by the recession. >> you're from detroit. michigan has now become the first state in a quarter of a century to have an unemployment rate, state unemployment above 15%. let's look at unemployment across the country. this is an issue we deal with. the unemployment rate across the country 9.5%. let's look at how that breaks down by race. just by different definitions. men have an unemployment rate -- white men have an unemployment rate of 9.2%, close to the national average. white women have a substantially lower unemployment rate, 6.8%.

african-american men, 16.4%. so more than 50% higher than the national average. african-american women, 11.3%. latino men 10.7% and latina women 11.5%. to you, bill, is that the pattern it's been for a while or are minorities suffering disproportionately in this recession when it comes to jobs? >> these are facts that have been around or estimates or relations that's been around for decades and that the recession has helped to kind of really make these experiences even much more amplified. much, much more amplified. but what's fascinating about this recession, though, in the first few months because it was driven in the financial sectors, that this was hurting whites and highly educated workers but once it turns into the garden variety, consumption-driven recession, it's now taken on the effect that men, particularly

minority men, particularly minority men with the least a education and skills and who are out of skills bearing the brunt. >> the president in his speech to the naacp really talked a lot about education, about reducing structural inequalities and about just fairness and a good education for everyone and about raising our expectations for our young people. listen to what he said. >> they might think they have got a pretty good jump shot or a pretty good flow. but our kids can't all aspire to be lebron or lil wayne. i want them aspiring to be scientists and engineers, doctors and teachers, not just ballers and rappers. i want them aspiring to be a supreme court justice. i want them aspiring to be the president of the united states of america. >> how do you do that? how do you get them aspiring to be the president of the united

states? >> i do a lot of work in the inner city communities. and a lot of times, especially the young individuals that i come in contact with, what they'll say is i've never seen a financial adviser before. i didn't know -- >> you and i were out in harlem a couple of months ago at a community event. people were really wanting, parents with kid, wanting them to get a good education but we weren't talking about being the president of the united states but how to afford to get their kids to school. >> right. these are real concerns that these people in the inner city have. i really love the fact that barack obama talked about that village mentality, that community mentality, because it's up to all of us to reach out to other individuals and start making sure that those students are seeing more than just those people on the corners, seeing more than just basketball players and people on the corners doing rap -- rappers and all the raps and flows and things of that nature, to say we can be an engineer, we can be a scientist. what is a scientist? what is an engineer? what is an accountant? what is a lawyer? what a doctor? all these things need to be pumped by individuals like myself and bill and yourself going to this community -- >> i also like to talk about advocates for success. that is individuals who can be your peers, be your family

members. they're your co-workers. but they don't have to have that vertical relationship, but they're a success and it hinges upon your success. >> your support group. >> the thing that barack obama really put out in his speech last night a good dichotomy of understanding the situation. he said the most difficult barriers structural of inequalities that our nation's legacy left behind. we have to understand that exists. but on the other side we have to say we have no excuses. just because you're in a crime-ridden area doesn't mean you get bad grades in school. >> he struck that balance of personal responsibility. and structural issues. >> we have to have no more excuses, understand your situation and understand there's no weapon that's formed against you that should prosper, including racism, sexism, discrimination, classism. all of these while they may be difficult to overcome, we can overcome them. but you have to put yourself in that good position that you take responsibility for to do so. >> ryan, thank you very much.

bill, good to see you as well. we hope to continue this conversation with you both. >> and we will. you can make sure to join us on cnn next wednesday and thursday at 8:00 p.m. for the premiere of "black in america 2." soledad o'brien continues. our investigation into all of these subjects. >> looking at challenge issues facing african-americans. millions watched the original "black in america" last year. wednesday and thursday night 8:00 p.m. eastern right here on cnn. are the billions in stimulus really saving jobs, creating jobs? i'm following the money to see exactly how your tax dollars are being spent. we found people who are actually touching your stimulus dollars. that's next. chevy equinox. with an epa estimated 32 miles per gallon. and up to 600 miles between fill ups. it's the most fuel efficient crossover on the highway. better than honda cr-v, toyota rav4 and even the ford escape hybrid. the all new chevy equinox.

one of the president's top economic brains this week acknowledged what we've said for weeks, that it's difficult to say for certain how many jobs say for certain how many jobs have been created or saved by the stimulus. christina roemer's comment come as the critics say it is filling holes in budgets, not creating new jobs or programs. >> let's forget the debate whether we need more, another stimulus, whether it was wasteful spending in the beginning. we wanted to find some people who will actually touch your stimulus money. >> reporter: walking down this hallway, four people whose jobs have been saved. when the classrooms fill up again this fall, these educators will be among 2,000 miami teachers whose salaries will be paid with stimulus money. angelica yanez trains middle school counselors.

>> so be it. we'll take it. it is better than nothing. >> reporter: florida is using $125 million of federal stimulus money to keep 697 guidance counselors, 343 librarians, and more than 900 special ed instructors in the classroom. and in the library, where this woman has worked 20 years, teaching children to read, to use a computer, to research. >> by saving us, saving our jobs, helping the economy, we're helping the children. it should be about the children at this point when we are talking education. >> reporter: not a surprising viewpoint from a group with a collective 88 years of classroom experience. >> i don't look at it as my job is saved. but that the people are being helped, they are being serviced. that's the key to this. we are an important integral part of the school system. >> the kids are the long-term investment. there is no way of attaching a dollar value to that.

>> reporter: the government accountability office reports that instead of spending on new programs and new jobs, some states are using stimulus money to plug gaping holes in their budgets. this is plugging a hole with $125 million, is it plugging a hole when 2,000 peoples lives depend on it? >> look, there is no work force without education. i think we know that now. underfunding education, creating a position in our country where teachers lose their jobs, where counselors lose their jobs, cannot be defined simply as plugging a hole. a teacher does not constitute a hole in a kid's life. nor does a counselor. >> reporter: but there is no doubt a hole in funding. and the stimulus is only a temporary fix. >> my concern has shifted to the possibility of a fiscal abyss two years from now when these funds sunset. >> reporter: $13.4 billion of stimulus money going to florida moving through the system. this is playing defense with the money. this is definitely paying teachers not starting new

programs, because that is the dire straits of the state. >> the confusing part of this. sell it big on the front end. we have to decode what is happening. excellent story. from a dorm room idea to billion dollar empire and all the drama in between. the surprising story you didn't

all right. sure is a juicy story if it is true. the story of sex, betrayal, broken friendships, scandals, all that behind the rise of facebook. that social networking empire

was born in a harvard dorm room. >> for the rest of the story, we bring in the author of "accidental billionaires, founding of facebook, tale of sex, money, genius and betrayal." you may know ben, he is the author of some other books, including, "bringing down the house" and "rigged." good talking to you. how much of this book is true and how much isn't? >> it is a true story. the whole thing is true. i write narrative nonfiction, so i take the facts, sources, court documents and turn into it an entertaining thriller-style book. but it is a true story. >> the facebook folks don't seem entertained. before we go further and talk about your book, i want to give their response. "they say ben mezrich clearly aspires to be the jackie collins valley." "this book suspect reported it is big juicy fun." we agree with and think any readers will concur. are they dissing you here? >> they definitely are not happy

with the book. i don't mind being called the jackie collins of silicone valley. >> she is very rich. >> they're not thrilled with it. it is a true story, written in my style, which has the salacious element to it. >> what is the story behind the rise? it is not the nerdy kind of starting a -- starting computer company story that we would think. >> these were geeky, gawky kids at harvard who couldn't meet girls. what happened, mark zuckerberg late one night hacked into computers at harvard, created a hot or not, you could choose who the hottest girl at harvard was and vote. it crashed the servers on campus. he almost got kicked out of school. that led to the creation of facebook, one late night college prank and it grew and grew and grew. >> different kind of book than you normally write. who did you find that started you on the story? >> really, i was sitting at home. 2:00 in the morning i got an e-mail to my website, a kid who was a harvard student. he said my best friend co-founded facebook. it wasn't mark zuckerberg.

i didn't even know there was a controversy about that. i went out for a drink. it was edwardo savran, and edwardo was mark's best friend. met at an underground jewish fraternity at harvard and the two co-founded facebook. >> what happened to him? >> now you do. what happened is their friendship fell apart. mark went off to silicone valley. edwardo finished school. mark became head of facebook. he kind of got rid of edwardo along the way. edwardo had been expunged from the history of facebook, for five years, no one heard that name. with this book coming out right before it came out, they readded edwardo as co-founder of facebook and in a lot of ways legitimizes the story i'm telling. >> these other stories you have written in the past have been about brainiacs, game in the system. you have written with some degree of admiration. what is your opinion of

facebook. do you admire it? >> facebook shouldn't be upset about me. i think it is the next step in human evolution. we have gone from the village, city of facebook. everyone is on it all day long. it is how we live now. an amazing company. >> do you think everything will migrate to facebook. do you think facebook will be the platform for e-mail, business, advertising it will take over other ways we communicate. >> that's exactly right. i think facebook's everything you need. it will slowly incorporate all aspects of twitter and myspace and youtube that you like about the sites. slowly but surely facebook will become all of those things. >> ben, you might become the guy who everybody goes to talk to about it. >> i hope so, but facebook will continue to say i am jackie collins. i don't know. >> no offense to jackie collins. >> we have a great relationship with facebook at cnn. we use it a lot to get input from consumers. we should tell you we are fans of the company. also interested in your book about what you know about how the company was founded. the author of "the accidental billionaires, the founding of face book, a tale of sex, money, genius and bra